Types of Small Business Grants The main grant types in the U.S. are federal, state, local, and corporate. These grants often focus on a specific group of people or industry or are general funds awarded through a contest. Sometimes grants are only offered once, but they are often awarded annually. Federal grants come directly from the U.S. government. They may be given to a state, region, or county that will then choose individuals to award. These grants may also be awarded directly to an individual or business. For some federal grants, only nonprofit or community-run organizations are eligible, so it’s […]

If you asked someone the definition of entrepreneurship, you’d likely get a range of answers. For many, entrepreneurship means innovation or being your own boss, while for others it defines a rebellious attitude toward blazing a new path in the business landscape. However, at its core, entrepreneurship is the act of creating, owning, and marketing an idea, a product, or a service while taking on the risks and benefits of carving out a potential new business. Entrepreneurs typically form a small business or startup to begin their business ventures, each with unique attributes. Those seeking advanced business degrees need to […]

Tables of Contents What Is Brand Engagement?Brand Engagement Examples That Help Promote BusinessesHow to Build Brand EngagementBrand Engagement Marketing TacticsHow to Measure Brand EngagementThe Importance of Brand Engagement for Your Business A company’s success depends on the quality of its products or services, its customer base, and its sales and marketing strategy. A well-executed marketing strategy that includes brand engagement can be highly effective at winning repeat business and bringing in new customers. How does brand engagement work? Brand engagement invites customers to interact with a company or its products via social media and other forms of communication. It’s a […]

As you prepare to enter the business world, earning an advanced degree can be highly advantageous. Not only will an advanced education equip you with the skills and expertise you need to succeed in your chosen field, but it can also help you develop an expansive professional network. Ultimately, advanced business degrees can provide you with a major competitive advantage throughout your career, helping you compete for more prestigious positions and command higher salaries. What Is an MBA Degree? The Master of Business Administration is an advanced degree that provides both theoretical and practical training for those who wish to […]

Tables of Contents Business Owner vs. EmployeeSuccess or Failure: Who’s More at Risk?Critical Role in Economic GrowthWhat Is Entrepreneurship?Principles of EntrepreneurshipLaunching a CompanyExamples of EntrepreneurshipWhat Is Intrapreneurship?Moderate Risk vs. Reward Almost every company in business today was started by someone who saw a market for a product or service and launched an enterprise to fill that need. While not every new business idea is innovative or industry changing, the entrepreneurial spirit driving new businesses is a marker of a healthy economy. Nowadays, the title of entrepreneur — and its counterpart, intrapreneur — is specifically assigned to business leaders who take […]

Tables of Contents What Is Global Supply Chain Management?Global Supply Chain Issues Caused by the PandemicGlobal Supply Chain ExamplesGlobal Supply Chain Management in a Post-Pandemic EconomyThe Skills Managers Will Need to Thrive in Tomorrow’s Economy The global supply chain helps make manufacturers and industries more efficient and profitable by reducing costs and encouraging businesses to expand into international markets. The goal of global supply chain management is to ensure that the international networks of manufacturers, vendors, warehouses, transportation companies, distributors, and retailers operate smoothly. An important element of that goal for business managers is to mitigate the risks entailed in […]

The speed at which businesses can grow and diversify in the 21st century is incredible. An entrepreneur can launch a startup in January, have a product on the market within months, and go international shortly thereafter. In that time, the entrepreneur could secure funding, hire an entire staff, and turn the startup into a profitable company. Within two years, that company could have several C-suite executives and a team of directors, managers, and other staff members overseeing business functions. Navigating that kind of growth requires education and experience. Business professionals who want to meet the challenges of development often find […]